To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble. The fact that both answers can be acceptable makes it a frequent topic of debate among forex traders financial advisers investors and the general public.
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But before we do that i want to share a brief outline of the way i used to think about trading and gambling.
Is online forex trading gambling. In fact if you tak! e a browse around the internet you will find a number of people claiming that forex trading is nothing more than gambling. Everyone knows that financial trading comes with a high degree of risk but often forex trading is picked out as being more risky than other types of financial trading. Forex the foreign currency exchange market is available for online trading 24 hours a day 5 and a half days a week.
To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble. The question is forex trading gambling doesnt represent a real disjunctive since both answers can be true. Stating that forex trading is not gambling would suggest that you can predict the future and nobody can.
In both situations you are looking to get an edge over the markethouse but in the end of the day all you can do bet you money and roll the dice. I would totally agree that forex trading is exactly the sa! me as gambling. Is there a difference between forex trading an! d gambling.
Using a broker service you can perform your own trade almost any time of day and even from mobile platforms. But like casino bets some gambles are riskier than others and with forex trading you indeed have tools available to help you make educated decisions. I have been asked this question on more than one occasion and it is a good one as it can make the difference between failing and having a.
Is forex trading the same as gambling. Five key differenceswhen you initiate the binary position your initial trade cost is your maximum exposure so youre either long or short the binary at the binary trade priceforex tradinggambling martingale systems and forex read review regulation. Yes it is gambling when one treats the forex market like a huge jackpot machine or roulette table where the hope of winning is dependent on nothing else but pure luck.
I have been asked many times is forex trading the same as! gambling. Is forex like gambling are you a forex trader or a gambler. But before we do that i want to share a brief outline of the way i used to think about trading and gambling.
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